Bitcoin DeFi Demand Plummets as Botanix Closes
@Botanix is winding down after four years, urging users to withdraw assets by July 9 due to weak demand for Bitcoin DeFi. The project failed to find sustainable product-market fit. #Update #Crypto $BTC
DeFi
Covers all aspects of DeFi – Decentralised Financial systems, protocols, and instruments built on blockchain.
DeFi Assets Surge to $2.7T by 2030
@StandardChartered predicts that decentralized finance (DeFi) assets will reach $2.7 trillion by 2030, driven by tokenized real-world assets and increased usage of stablecoins. #Update #Crypto $USDT
Uniswap Surges to $100 Standard Chartered
Standard Chartered forecasts $UNI to hit $100 by 2030, a 40x increase from $2.50. Tokenized assets could expand from $340B to $4T on-chain. #Update #Crypto
Uniswap Token Surges 40x by 2030
Standard Chartered predicts a 40x increase in @Uniswap’s UNI price by 2030, driven by Wall Street’s on-chain migration and token scarcity. #Update #Crypto
Ethereum Staking Surges 40M ETH Locked
Ethereum’s staked supply increased by 4.05M ETH, reaching 39.6M total locked. Lido Finance leads liquid staking with 61.66% market share. Annualized inflation at 0.83%. #Update #DeFi $ETH
DeFi Assets Set to Reach $2.7T by 2030
Standard Chartered projects decentralized finance (DeFi) assets to grow 37-fold to $2.7 trillion by 2030, driven by tokenized real-world assets and crypto-native assets. #Update #Crypto
Tokenization Drives DeFi Assets to $2.7T
@StandardChartered forecasts DeFi assets to reach $2.7 trillion by 2030, driven by tokenized real-world assets and increased onchain activity. Current DeFi usage of stablecoins at 3%. #Update #Crypto $ETH
Bitcoin Drives Cardano’s $1B DeFi Liquidity Push
The Cardano community has approved the Orion Fund, unlocking 50 million ADA to attract Bitcoin liquidity into its DeFi ecosystem, aiming for a $3 billion on-chain economy by 2030. #Update #Crypto $ADA
Ethereum Perps Threaten On-Chain Liquidity
@Alliance co-founder Imran Khan criticized Kalshi’s new perpetual futures for $ETH, $XRP, and $SOL, claiming they may negatively impact on-chain liquidity by drawing traders to off-chain platforms. #Update #Crypto $ETH $XRP $SOL
Ethereum Staking Moves Toward Standardized Rails
Fireblocks launches ETH Staking Link, standardizing institutional Ethereum staking with over 36 million ETH staked, expanding provider support, and introducing post-Pectra validator upgrades. #Update #Crypto $ETH
Bitcoin Collateral: Aave Approves Circle Wrapped
Aave Labs proposes adding Circle Wrapped Bitcoin (cirBTC) as collateral on Aave V3 and V4 Core, pending community feedback and governance approval. #Update #DeFi $AAVE
Uniswap Surges 4.5% as Crypto Rallies
$SOL rises 2.6% while @Uniswap gains 4.5%, marking a positive performance across constituents in the CoinDesk 20 update. #Update #Crypto $SOL $UNI
DeFi Contracts Linked to $36.7M Losses
Unverified smart contracts linked to $36.7M in DeFi losses over six months, with Truebit’s $26.2M exploit highlighting security risks. Chainalysis urges source code verification for protection. #Update #Crypto $ETH
Bitcoin DeFi Demand Plummets as Botanix Shuts Down
@Botanix is shutting down after four years, citing weak demand for Bitcoin DeFi. Users must withdraw assets by July 9 to avoid loss. #Update #Crypto $BTC